--The United States should encourage investment in Iraq's oil sector
by the international community and by international energy companies.
--The United States should assist Iraqi leaders to reorganize the
national oil industry as a commercial enterprise, in order to enhance
efficiency, transparency, and accountability.
--To combat corruption, the U.S. government should urge the Iraqi
government to post all oil contracts, volumes, and prices on the Web
so that Iraqis and outside observers can track exports and export
revenues.
--The United States should support the World Bank's efforts to ensure
that best practices are used in contracting. This support involves
providing Iraqi officials with contracting templates and training them
in contracting, auditing, and reviewing audits.
--The United States should provide technical assistance to the
Ministry of Oil for enhancing maintenance, improving the payments
process, managing cash flows, contracting and auditing, and updating
professional training programs for management and technical personnel.